Description
BSE announces movement of securities to different GSM stages with Shakti Press Ltd moving to Stage I and International Data Management moving to Stage IV.
Summary
BSE has announced the movement of securities under the Graded Surveillance Measure (GSM) framework. Two securities are being moved to different GSM stages: Shakti Press Ltd. moves to GSM Stage I, and International Data Management moves to GSM Stage IV.
Key Points
- Shakti Press Ltd. (Security Code: 526841, ISIN: INE794C01016) moves to GSM Stage I
- International Data Management (Security Code: 517044, ISIN: INE649R01010) moves to GSM Stage IV
- Securities marked with (#) move to lower GSM stages due to inclusion in ESM Framework
- Securities marked with ($) move to lower GSM stages due to inclusion in IBC Framework
- Some information is aligned with NSE practices
Regulatory Changes
Movement to different GSM stages brings varying levels of surveillance measures and trading restrictions based on the assigned stage.
Compliance Requirements
- Listed companies must comply with enhanced disclosure requirements as per their assigned GSM stage
- Investors should be aware of the additional surveillance measures applicable to these securities
- Stock brokers need to implement appropriate risk management measures for GSM securities
Important Dates
- Effective Date: August 29, 2025
Impact Assessment
The movement to different GSM stages will result in enhanced surveillance and potentially stricter trading parameters for the affected securities. Stage IV classification for International Data Management indicates higher surveillance requirements, while Stage I for Shakti Press Ltd. represents initial surveillance measures.
Impact Justification
GSM stage movements affect trading parameters and investor behavior for specific securities